3311 West Cermak Road

Chicago, IL 60623

$260,000
Price
9
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

It is very rare to find a 4 unit sold brick cash cow building in this area. 2 bedroom 1 bathroom unit for $900/mo on MTM lease. 5 bedroom 1 bathroom unit is being rented for $1200/mo on MTM. 1 bedroom 1 bathroom rented for $600/mo. 1 bedroom 1 bathroom vacant. Appraisal has been done and we just need a contract for final short sale approval at list price. Cash is HIGHLY preferred! Property has violations AND permanent injunction that buyer needs to clear after closing. Do not submit an offer if you...It is very rare to find a 4 unit sold brick cash cow building in this area. 2 bedroom 1 bathroom unit for $900/mo on MTM lease. 5 bedroom 1 bathroom unit is being rented for $1200/mo on MTM. 1 bedroom 1 bathroom rented for $600/mo. 1 bedroom 1 bathroom vacant. Appraisal has been done and we just need a contract for final short sale approval at list price. Cash is HIGHLY preferred! Property has violations AND permanent injunction that buyer needs to clear after closing. Do not submit an offer if you are not positive you are willing to take on the violations. Please pull violations from Building Dept website. Photos are of the vacant unit. Cash HIGHLY preferred No fha must be willing to take property as is subject to any and all violations. No fha loans. This is a short sale and subject to final approval from the bank. Property being sold as is with no repairs or credits by seller. No survey provided by seller. For fastest response, please TEXT instead of calling. See documents for info on violations and injunction.
  1. Listed by Julianne Conroy • Core Realty & Investments, Inc

Property Details for 3311 West Cermak Road

Area
CHI - South Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

Listing Courtesy of Core Realty & Investments, Inc
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LISTING UPDATED: 03/04/2024 03:09 PM

Property Details for 3311 West Cermak Road

StatusActive
MLS #11939531
Days on Market193
Taxes$3,185 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1890
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of Core Realty & Investments, Inc
Add your commute

Building Information for 3311 West Cermak Road

Stories-Residences4Year Built1890Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$1,684 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,419

Property Taxes

$265

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3311 West Cermak Road

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 9
  • Basement Description: Finished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • Exterior Property Features: Porch
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2015
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Fenced Yard
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 25X125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 2200
  • East Coordinate: 0
  • West Coordinate: 3200
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 3
  • Document Date: 2023-11-30T22:02:39
  • Photos Count: 22
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $35,700.00
  • Other Addl Income: Garage/s
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MTM

Property History for 3311 West Cermak Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3311 West Cermak Road

Taxable ValueLand$3,671Additions$17,328Total$20,999
Tax Record2022$4,319 ($360 / month)
Home Facts
Baths2Total Finished SqFt2,728 SqFtAbove Grade Finished SqFt2,728 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1893CountyCOOKAPN16-26-205-005

Schools near 3311 West Cermak Road

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
Kanoon Elementary Magnet School
PublicPK to 8

Farragut Career Academy High School
Public9 to 12

Legacy Elementary Charter School
CharterK to 8

North Lawndale Prep Chtr - Christ
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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3311 West Cermak Road is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on November 30, 2023 by Core Realty & Investments, Inc, it's currently listed at $260,000. It has been on the market for a total of 193 days and was last sold on December 8, 2018. This listing's school district is City Of Chicago School District 299. Nearby schools include Kanoon Elementary Magnet School, Farragut Career Academy High School and Legacy Elementary Charter School. 3311 West Cermak Road is a 9-bed, 4-bath, multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Core Realty & Investments, Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.